Filed January 11, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $105,404 | $65,246+61.5% | $98,716+6.8% | $67,986+55.0% |
| Participation rate | 38.1% | 51.4%-13.3pp | 69.3%-31.2pp | 57.2%-19.1pp |
| Annual return | 14.17% | 20.58%-6.4pp | 31.81%-17.6pp | 31.67%-17.5pp |
| Employer contribution / active EE | $859 | $1,042-17.6% | $2,279-62.3% | $2,019-57.4% |
| Participant deferral / active EE | $1,754 | $2,594-32.4% | $4,048-56.7% | $3,358-47.8% |
| Admin fee / account holder | $6,271 | $4,561+37.5% | $8,703-27.9% | $3,203+95.8% |